News

Articles in "Lending"

April 29, 2013 11:17 AM
New Jersey hardest-hit neighborhoods get aid

HUD Secretary Shaun Donovan and other policymakers on Capitol Hill are continuing their efforts to help homeowners and neighborhoods devastated by the aftermath of super storms. 

Donovan, secretary of the Department of Housing and Urban Development, approved a New...

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April 29, 2013 05:17 AM
Monday Morning Cup of Coffee: Subprime lending is back

Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.

The Federal Reserve and the Office of the Comptroller of Currency halted the independent national foreclosure review in...

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April 26, 2013 02:56 PM
Hardest-hit communities receive funding to rebuild

Policymakers are taking further action to help homeowners and neighborhoods devastated by the aftermath of super storms. 

Shaun Donovan, secretary of the Department of Housing and Urban Development, approved a New York recovery plan that will allot $1.7 billion in...

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April 26, 2013 11:51 AM
Hardest-hit communities receive funding to rebuild

Policymakers are taking further action to help homeowners and neighborhoods devastated by the aftermath of super storms. 

Shaun Donovan, secretary of the Department of Housing and Urban Development, approved a New York recovery plan that will allot $1.7 billion in...

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April 26, 2013 07:28 AM
Senators reveal bill to tighten capital standards

Two U.S. Senators are trying to tighten banks capital reserves with the release of a new bill titled, "Terminating Bailouts for Taxpayer Fairness Act."

A previous version of the bill was...

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April 25, 2013 12:00 PM
Debate over mortgage interest deduction shows a great divide

The housing market is on an upswing and mortgage interest rates are low, making now the perfect time to tweak the mortgage interest tax deduction, Mark Calabria, director of financial regulation studies with the Cato Institute, said when testifying in front of the House...

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April 25, 2013 09:10 AM
Record low mortgage rates boost housing: Freddie Mac

Fixed-mortgage rates hovered near record lows this past week, fueling the ongoing housing recovery with cheaper credit, according to Freddie Mac data.

The 30-year, fixed-rate mortgage hit near record lows, coming in at 3.4%, down from 3.41% last week and 3.88% last year,...

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April 25, 2013 09:03 AM
Record low mortgage rates boost housing: Freddie Mac

Fixed-mortgage rates hovered near record lows this past week, fueling the ongoing housing recovery with cheaper credit, according to Freddie Mac data.

The 30-year, fixed-rate mortgage hit near record lows, coming in at 3.4%, down from 3.41% last week and 3.88% last year,...

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April 25, 2013 08:53 AM
Mortgage interest rates continue upward trend

The average contract mortgage rate for the purchase of a previously occupied home by combined lenders continued to rise, reaching a 3.54% index rate for March 2013, the Federal Housing Finance Agency announced.

The index is used in some adjustable-rate...

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April 24, 2013 04:37 PM
K&L Gates: CFPB rule drops no-point, no-fee requirement for originators

The Consumer Financial Protection Bureau’s final rule on mortgage loan originator compensation drops a controversial proposal that would have forced lenders to offer no-point, no-fee mortgages to customers.

Instead, of that sharper move, attorneys with K...

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April 24, 2013 03:44 PM
Sequester creates cracks in HUD's structure

The U.S. Department of Housing and Urban Development is downsizing by consolidating its Office of Multifamily Programs into 10 sites, the agency announced Wednesday.

The decision to restructure HUD comes at a time when sequester cuts are impacting every aspect of the...

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April 24, 2013 02:40 PM
Sequester creates cracks in HUD's structure

The U.S. Department of Housing and Urban Development is downsizing by consolidating its Office of Multifamily Programs into 10 sites, the agency announced Wednesday.

The decision to restructure HUD comes at a time when sequester cuts are impacting every aspect of the...

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April 24, 2013 06:00 AM
Mortgage applications slightly increase

Mortgage applications slightly inched up, escalating 0.2% from one week earlier, the Mortgage Bankers Association said.

Also posting a meager increase, the...

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April 23, 2013 10:59 AM
House chairman denies CFPB head testimony

Richard Cordray is set to deliver his semi-annual report to the Senate Banking Committee Tuesday, but he’s not welcome to do the same before the House Financial Services Committee.

Rep. Jeb Hensarling, R-TX, refuses to hear Cordray’s report until he is "...

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April 23, 2013 09:35 AM
House chairman denies CFPB head testimony

Richard Cordray is set to deliver his semi-annual report to the Senate Banking Committee Tuesday, but he’s not welcome to do the same before the House Financial Services Committee.

Rep. Jeb Hensarling, R-TX, refuses to hear Cordray’s report until he is "...

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